Prime News Kenya

Current Business News in Kenya: Banking | Economics

KCB nears Equity market valuation

KCB Group has nearly eliminated the market capitalisation gap between it and rival Equity Group as the latter loses its traditional large trading premium over the country’s largest bank by assets.

KTDA pays second best tea price as Sri Lanka leads

The Kenya Tea Development Agency (KTDA) had the second best price in the world market as low earnings in 2019/20 financial year saw Sri Lanka dislodge it from the top position that it held last year.

Kenyan shilling under focus as remittances fall

The Kenyan shilling is in the spotlight as diaspora remittances fell for a second straight month amid expected pressure from the demonetisation of the old Sh1,000 note that has raised liquidity in the market.

KRA freezes Africa Union’s firm accounts over arrears

The Kenya Revenue Authority (KRA) has frozen bank accounts owned by Africa Union’s reinsurance firm over a Sh12.8 billion tax bill, setting the stage for a battle between Nairobi and the continental body.